Can you keep your 401k when you move abroad? What happens to your Roth IRA if you live in France? And is a baby registry company really worth watching as an IPO?

In Episode 184 of The Liquidity Event, Shane and AJ tackle one of the most common questions they get from American expats and dual citizens: how do you build a retirement plan when you're living abroad, paying taxes in another country, and still filing as a US person? Shane breaks down how income tax treaties work, what expats need to know about 401k and Roth IRA distributions overseas, the real cost of moving money between countries, and why accidental Americans can face some surprising IRS consequences.

Then they dig into Babylist, the baby registry platform approaching $1 billion in sales and eyeing a 2027 IPO. It's been profitable for eight straight years, raised only $40 million in outside capital, and sat out the 2021 IPO rush entirely. AJ and Shane break down why the asset-light model works, what it has in common with Etsy, and why babies aren't going anywhere.

Topics covered:

• Expat retirement planning and 401k rules for Americans living abroad
• Dual citizenship tax strategy and income tax treaties
• Roth IRA distributions for US citizens overseas
• Currency hedging and moving money internationally
• Babylist IPO outlook and what makes it different
• Financial planning for Americans with dual citizenship in Europe

Timestamps:

• 00:00 Intro and AJ's desk flooding incident
• 01:55 Iran ceasefire reaction and NYC nuclear anxiety
• 07:45 The Brooklyn of New Delhi and global culture
• 12:20 Listener question: retirement planning as an American abroad
• 13:58 How income tax treaties protect expat 401k holders
• 18:24 Moving money internationally and currency hedging
• 21:17 Why financial planning abroad is uniquely complex
• 24:28 Babylist approaches $1B in sales and eyes 2027 IPO

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